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Vietnam approves $11.4 bln plan to expand fuel storage capacity by 2030 - Reuters.com

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Vietnam approves $11.4 billion plan to expand fuel storage capacity by 2030 | Reuters

Vietnam approves $11.4 billion plan to expand fuel storage capacity by 2030

HANOI, July 19 (Reuters) - Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to 270 trillion dong ($11.4 billion).

The investment would raise the country's crude oil and refined fuel storage capacity to 75 to 80 days of net imports, according to the plan signed by Deputy Prime Minister Tran Hong Ha on Tuesday and reviewed by Reuters.

($1 = 23,643.0000 dong)

(This story has been corrected to change the investment figures to $11.4 billion, not $31.7 billion in headline and paragraph 1)

Our Standards: The Thomson Reuters Trust Principles.

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